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COP29 Live Blog
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COP 29 Live Blog - 22nd to 24th November


Welcome to our live blog of the 29th Conference of the Parties (COP 29) to the United Nations Framework Convention on Climate Change (UNFCCC), taking place in Baku, Azerbaijan. Over the next two weeks, world leaders, policymakers, activists, and experts will gather to discuss and negotiate critical issues related to climate change, biodiversity, and sustainability. The stakes are high, as the world faces a climate crisis that demands urgent and transformative action. We will be bringing you real-time updates, insights, and exclusive behind-the-scenes glimpses of the event, providing a comprehensive overview of the discussions, decisions, and outcomes of COP 29.



Good Bye!
Updated 05:25 GMT+4 – 24/11/24



The gavel has fallen, and COP 29 has officially concluded. Thank you for following our live blog. We'll be back very soon in just 351 days for another edition of the COP Live Blog. See you all in Belem, Brazil, for COP 30.

COP 29 Wraps Up
Updated 04:50 GMT+4 – 24/11/24

https://www.youtube.com/watch?v=kRrbxZoTZG0

The closing plenary session is nearing its end. In his concluding remarks, COP29 President Babayev said, "We have reached the end of a defining chapter in the climate crisis." Babayev expressed gratitude to all involved, from negotiators and activists to "thousands of volunteers". He reflected on the challenges faced, saying, "Since the beginning of this journey, people doubted Azerbaijan's ability to deliver. Yet, we hosted one of the largest COPs with a mere 11 months of preparation."

Babayev highlighted the significance of the deals made at COP 29, emphasizing that they would lead to "more coal plants decommissioned" and "more wind plants built." Regarding finance, he acknowledged the "many difficult conversations" but insisted that the presidency pushed countries to adopt ambitious goals. As he concluded, Babayev urged delegates to "never forget the power of your contribution" and stressed that "protecting the planet is an act of solidarity."

Nations Express Disappointment
Updated 04:05 GMT+4 – 24/11/24

Several developed countries expressed disappointment with the outcome of COP 29, particularly regarding the lack of progress on key issues like the transition away from fossil fuels. Australia, representing a group of developed nations, criticized countries that had "stalled or stymied discussion" on these matters. Switzerland also voiced its concern, stating that the text had been "watered down" and fell short of meaningful ambition.

Developing nations, such as Pakistan, expressed mixed feelings about the COP29 outcome. While acknowledging the spirit of multilateralism, they highlighted the significant gap between the goals set by developed countries and the urgent needs of vulnerable nations. Pakistan emphasized the devastating impacts of climate change, including floods, heatwaves, and glacial melt, and called for increased climate finance in the form of grants rather than loans.

A Step Forward, But More Needed
Updated 03:45 GMT+4 – 24/11/24

UN Climate Chief Simon Stiell described the COP 29 deal as a difficult but necessary step forward, emphasizing the importance of the new finance goal. However, he stressed the need for full and timely payment of the agreed-upon funds.

“It has been a difficult journey, but we’ve delivered a deal. This new finance goal is an insurance policy for humanity, amid worsening climate impacts hitting every country. But it only works if the premiums are paid in full, and on time. No country got everything they wanted, and we leave Baku with a mountain of work still to do. We need to redouble our efforts on the road to Belém.”

UN Secretary-General AntĂłnio Guterres expressed disappointment with the outcome, noting the urgent need for financial support for developing countries. While he acknowledged the deal as a foundation for future progress, he emphasized the importance of honoring commitments and ensuring that the top end of the new finance goal is met.

“Developing countries swamped by debt, pummelled by disasters, and left behind in the renewables revolution, are in desperate need of funds. I had hoped for a more ambitious outcome – but this agreement provides a base on which to build. It must be honoured in full and on time. Commitments must quickly become cash. All countries must come together to ensure the top-end of this new goal is met.”
Following the gaveling through of the global stocktake, several countries expressed their dissatisfaction with the outcome. Chile voiced concerns about the text's lack of essential elements to inform climate plans, asserting that it lacked consensus. Fiji lamented being pressured to disregard its needs and take steps backward. Canada and Australia also registered their disappointment with the agreement.

Strong Reactions Continue
Updated 03:30 GMT+4 – 24/11/24

Countries continue to voice their opinions on the outcome. While some expressed disappointment and frustration, others have offered more measured responses. The UK's Energy Secretary, Ed Miliband, described the deal as a "critical eleventh-hour deal" that, while not perfect, represents a step forward. He emphasized the importance of the new finance goal, which could potentially drive significant climate action. However, Miliband acknowledged that much more work is needed to keep the 1.5°C target within reach.
"This is a critical eleventh hour deal at the eleventh hour for the climate. It is not everything we or others wanted but is a step forward for us all. It’s a deal that will drive forward the clean energy transition which is essential for jobs and growth in Britain and for protecting us all against the worsening climate crisis...The new finance goal rightly reflects the importance of going beyond traditional donors like Britain, and the role of countries like China in helping those on the frontline of this crisis. If this finance is used in the right way, it could cut the equivalent emissions of one billion cars and could protect nearly a billion people from the impacts of climate change...Today’s agreement sends the signal that the clean energy transition is unstoppable. It is the biggest economic opportunity of the 21st century and through our championing of it we can help crowd in private investment... There is much more work to do if we are to keep 1.5C within reach and prevent climate catastrophe. We’ve pushed for ambition in Baku and have restored the UK back to a position of global climate leadership. We will keep up the pace, working with other countries before the world meets again in Brazil for Cop30. Only by doing this can we keep future generations safe and reap the benefits of the clean energy revolution.
Tina Stege, climate envoy for the highly vulnerable Marshall Islands, expressed deep disappointment with the outcome. She criticized the political opportunism that hindered progress and the insufficient funding provided to climate-vulnerable countries. Stege emphasized the urgent need to prioritize saving lives and rebuild trust in the multilateral climate process.

"We came in good faith, with the safety of our communities and the well-being of the world at heart. Yet, we have seen the very worst of political opportunism here at this COP, playing games with the lives of the world’s most vulnerable people. Fossil fuel interests have been determined to block progress and undermine the multilateral goals we’ve worked to build. This can never be allowed to happen. Despite the barriers, we’ve fought hard and secured something for our communities. We are leaving with a small portion of the funding climate-vulnerable countries urgently need. It isn’t nearly enough, but it’s a start...Countries seem to have forgotten the reason why we are all here. It is to save lives. It is to save lives. We have to work hard to rebuild trust in this vital process."
Earlier, Wopke Hoekstra, the EU Climate Action Commissioner offered a more positive perspective. He praised the deal as a significant step forward, particularly in terms of increased climate finance. The Commissioner also highlighted the importance of expanding the contributor base for climate finance, alluding to the ongoing debate about the role of emerging economies like China and Saudi Arabia.
“We all know how very, very difficult this was, and yet we do feel that the result of today is actually exceptionally important. We are living in a time of truly challenging geopolitics so seeing a deal truly is exception...In my view, Cop29 will be remembered as a start of a new era for climate finance and we have worked hard with all of you to ensure that there is significantly more money on the table. We’re tripling the $100bn goal, and we feel it is ambitious, it is needed, it is realistic and it is achievable...It is also a matter of fairness and of importance to us that all those with the ability to do so should contribute, and therefore it is good that we enlarge the contributor base on a voluntary basis.."
As more countries share their perspectives, it becomes clear that the COP 29 negotiations have left a complex and divisive legacy.

Mitigation and Implementation Work Programme
Updated 03:20 GMT+4 – 24/11/24

The COP 29 Presidency has just gavelled through the Mitigation and Implementation Work Programme.

A Bitter End to a Flawed Process
Updated 03:11 GMT+4 – 24/11/24

As countries deliver their closing statements, India's representative expressed deep disappointment and anger, accusing the presidency of rushing through the deal without adequately addressing concerns. The representative called the process "stage-managed" and received enthusiastic support from other delegates.

“India opposes the adoption of this document and please take note of what we have just said from the floor of this room. We seek a much higher ambition from the developed countries...We had informed the president we had informed the secretariat that we wanted to make a statement prior to any decision on the adoption but however - and it’s for everyone to see – this has been stage managed and we are extremely disappointed with this incident...We’ve seen what you have done…gavelling and trying to ignore parties from speaking does not behove the UN system and we would want you to hear us…we absolutely object to this unfair means of adoption...Unfortunately, the paper on the NCQG does not inspire trust that we will come out of this grave problem of climate change.”
Bolivia echoed India's sentiments, criticizing developed countries for expecting developing nations to shoulder more responsibility for climate action. Nigeria also voiced its agreement with India's stance. Dr. Maduekwe, Nigeria's climate envoy, delivered a powerful speech, expressing disappointment with the NCQG's proposed funding goal of 300 billion dollars, deeming it unrealistic. Additionally, Nigeria rejected the proposed language on women's issues.

“an insult to what the convention says... a joke...I think we should rethink of it. We have a right as countries to decide if we accept this or not. I’m saying we do not accept this...It’s 3am and we’re going to clap our hands and say this is what we’re going to do. I don’t think so.”

Earlier, a Cuban negotiator had also voiced strong criticism of the finance negotiations, describing the outcomes as "insufficient" and the decision's scope as a reflection of developed countries' desire to evade their responsibilities to developing nations. The negotiator emphasized the legal binding nature of these responsibilities and the need for substantial support for developing countries' climate action plans.

While some countries, like Mexico, advocated for stronger language on human rights, including women's rights and rights defenders, others, such as the African Group, opposed terms like "women in all their diversity" and "intersectionality."

A "Flawed" Climate Deal Gavelled
Updated 02:40 GMT+4 – 24/11/24
A financial deal has been struck, and gavelled, but it's a compromise that leaves many unsatisfied. The package includes a new $300 billion climate finance goal, replacing the long-standing $100 billion commitment, and a vague roadmap for reaching $1.3 trillion. However, there's no concrete plan for expanding the donor base or tracking progress on critical targets like the fossil fuel phase-out and renewable energy expansion. The lack of specific mechanisms and targets raises concerns about the effectiveness of this deal in addressing the climate crisis. The COP 29 closing plenary is still ongoing, with parties sharing their final thoughts.

A Deal or still a Deadlock?
Updated 02:22 GMT+4 – 24/11/24

The third and hopefully the final part, this time, of the closing plenary has just begun. The question on everyone's mind is whether the New Collective Quantified Goal on Climate Finance (NCQG) will be adopted without objections.

From a 25-Minute Pause to Over an Hour Delay
Updated 02:15 GMT+4 – 24/11/24

About an hour ago, the closing plenary was suspended again, this time for 25 minutes, to finalize texts. Over an hour has passed since then, and there are still no signs of when the session will reconvene, but delegates are still in the hall. The new package of draft decisions has been released. Historically, this suggests the texts may be close to final, but given the unpredictable nature of negotiations here, it's still unclear whether the deal is truly set.

Again, the key takeaways from the draft decisions include a $300 billion finance goal to replace the long-standing $100 billion commitment, and a vague "Baku to Belem roadmap" aimed at reaching $1.3 trillion in climate financing. However, there is no mention of an expanded donor base, with developing nations still relying on voluntary contributions. The package also lacks concrete mechanisms for tracking progress on critical stocktake targets, such as the transition away from fossil fuels or the tripling of renewable energy. There is no process outlined for monitoring progress in future COP sessions, and no additional targets have been set for areas like grid development, storage, or the phase-out of coal.

More Rhetoric Than Reality?
Updated 02:00 GMT+4 – 24/11/24

The draft climate finance text calls on "all actors" to increase annual climate finance for developing countries to at least $1.3 trillion by 2035. However, it merely "decides to set a goal" of $300 billion annually by 2035, with developed countries taking the lead. While the text "decides to launch the 'Baku to Belém Roadmap to 1.3T'" to increase climate finance, concerns persist about its practical implementation.

Observers like Brandon Wu from ActionAid USA criticize the text as "meaningless gibberish, like some finance bros vomited a bunch of random words that sound cool." Others argue that "It fails to deliver on the urgent need for climate finance...a classic case of form over substance." An African diplomat further asserts that the majority of the text from this COP "...lacks the ambition and concrete commitments needed"

New Texts on Climate Finance and Fossil Fuels
Updated 01:30 GMT+4 – 24/11/24



The latest draft text on climate finance has been publicly released, (You can read the new texts here), with a key increase in the annual climate finance goal to $300 billion by 2035. While this is a significant step up, it falls short of the $300 billion with 30% dedicated to vulnerable nations that was sought by some countries. The text also acknowledges the role of developing countries in climate action, encouraging voluntary contributions.

The draft text on the Global Stocktake (GST) outcomes has also been published. Notably, it does not explicitly mention the transition away from fossil fuels, a point of contention among nations. Instead, it reaffirms the need for deep emissions cuts and highlights the role of "transitional fuels" like natural gas. This could be a point of debate as countries assess the implications for their climate strategies.

Suspended Again!
Updated 00:55 GMT+4 – 24/11/24

The closing plenary has once more been suspended, for 25 minutes this time, to "finalize texts." Prior to this, parties elected Adonia Ayebare of Uganda as the new Chair of the UNFCCC Subsidiary Body for Scientific and Technological Advice, and Julia Gardiner (Australia) as the new Chair of the Subsidiary Body for Implementation.

COP 29 has now surpassed the duration of COP 24 Katowice and COP 21 Paris, which were the 6th and 5th longest COPs ever. This COP has already exceeded the length of many previous climate COPs, including COP 6, COP 13, COP 19, COP 18, COP 26, COP 24, and COP 21, the latter of which saw the adoption of the Paris Agreement and ran 30 hours and 33 minutes over schedule.

Closing Plenary Session Underway
Updated 00:37 GMT+4 – 24/11/24



The second and final part of the closing plenary is finally underway! Hopefully, everything goes smoothly. You can watch the livestream here.

Delegates have gathered in the plenary hall, but there’s no official text to review. This is a risky move by the presidency since it’s unclear whether there’s agreement on a possible deal. The delegates appeared just as uncertain as the observers. Many diplomats are with print outs of the new text that’s being circulated, but has yet to be published on the UNFCCC website. At the end of a COP, it’s common for presidencies to try unconventional tactics. For example, at COP 27 Sharm El-Sheikh, the Egyptians started bringing delegations in one by one to look at a draft text.

Closing Plenary
Updated 00:15 GMT+4 – 24/11/24

The final part of the closing plenary is scheduled to start in about 15 minutes, at 12:30 Baku time.

Light at the End of The Tunnel?
Updated 23:50 GMT+4 – 23/11/24

The draft text being passed around includes a few compromises that will make small island nations and least developed countries happy. However, there’s no increase in the promised $300 billion for climate finance. Negotiators now appear relatively calm and relaxed, with rumors suggesting that the draft could be approved in the plenary session within the hour.

Potential Breakthrough on Climate Finance
Updated 23:40 GMT+4 – 23/11/24

There are reports of possible progress on the key issue of climate finance. Evans Njewa, chair of the Least Developed Countries (LDC) group and Malawi’s climate chief, just shared an update. He confirmed that the LDC group has agreed on a climate finance text with developed nations and has officially handed it over to the COP presidency for review.

The LDC group had been frustrated earlier in the day by the lack of progress on securing the financial support promised by rich countries to vulnerable nations. They had even walked out of a meeting earlier, calling for a temporary suspension after feeling that the deal on the table was insufficient to meet the needs of their people. Njewa emphasized that the LDC group represents over 1 billion people across 45 countries, and their priority is to secure an ambitious climate finance deal. He stressed that the funds are critical for climate action, poverty reduction, and food security in their regions.

"Two or three hours ago, we called for a temporary suspension of the meeting because we felt that the deal that we were being given was not good enough to save our people...We are serving over 1 billion people in 45 countries in the world, and we need to get an ambitious deal here regarding climate financing was to support climate action, help people move out of poverty, get food security...We have met with countries like the US, UK, Germany and others and we have agreed on language that we have given to the presidency. He will be looking into that in the next few minutes, and we hope we’ll get what we are looking for.”

The group has been in discussions with countries like the US, UK, and Germany and has agreed on key language with them, which has now been submitted to the COP presidency. Njewa expressed hope that this would lead to a successful outcome. However, Njewa noted that some of their key positions were weakened or removed in earlier drafts, and he called on leaders to remember the original proposals presented by the LDC group.

New Text Published, Negotiations Continue
Updated 23:13 GMT+4 – 23/11/24

A new text has been released for consideration. Delegates are currently reviewing it and sharing their feedback.

The Stalemate Continues
Updated 22:50 GMT+4 – 23/11/24

IISD


COP 29 is still going on, way past its scheduled end time. It's now the 7th longest COP ever, beating the previous record held by COP 26 Glasgow at 29 hours and 12 minutes. It's very unlikely that the talks will end in the next two hours. This means we will likely to surpass the COP 24 Katowice record in 2018, which lasted for 30 hours and 28 minutes. The longest COP ever is COP 25 Madrid at 43 hours, 55 minutes.

The main problem is a disagreement between countries, which Marina Silva, Brazilian Minister of the Environment and Climate Change, calls a "deadlock." While some progress has been made on things like carbon markets and adapting to climate change, key issues like climate finance and a fair transition to clean energy are still causing problems. One big challenge this evening has been the lack of strong leadership from the COP 29 presidency.

“Unfortunately we’re in a situation now where we have a deadlock...there are some remaining issues which are crucial,...We still have some issues which need to be properly addressed..“we need to focus on what is essential in this Cop and not other topics..central leadership,...I’m not saying it was just an issue of the presidency..." - Marina Silva, Minister of the Environment and Climate Change - Brazil

9-Years After
Updated 21:20 GMT+4 – 23/11/24



A significant step forward in global climate action was achieved this evening with the finalization of rules governing carbon markets. This long-awaited development marks a crucial milestone in the implementation of the Paris Agreement, nearly a decade after its initial adoption. Carbon markets, a contentious issue within climate policy, have faced widespread criticism for their limited impact on reducing emissions.

After months of intense negotiations and compromise, countries have finally agreed on the technical details of carbon credit creation, trading, and registry. This breakthrough paves the way for the establishment of a global carbon market, where carbon credits can be bought and sold, potentially stimulating investments in low-carbon technologies and sustainable practices.

However, the effectiveness of carbon markets remains subject to debate. Environmental advocates and experts caution that poorly designed markets can lead to greenwashing and false solutions.

Plenary "Part 1" Update
Updated 21:32 GMT+4 – 23/11/24



The plenary just ended, "the first part", and it saw a series of procedural items approved, but also highlighted significant tensions, which are among the reasons we are still here. COP 29 President Mukhtar Babayev suspended the meeting, with plans to resume later in the "evening". FYI, its already pass 9 PM here in Baku.

Carbon Markets Agreement
In a key development, parties reached a deal on carbon markets, opening the door for country-to-country carbon trading as part of efforts to meet Paris Agreement targets. While the deal marks a significant step forward, further technical rules will be required, with details to be worked out in 2025.

Challenges in Climate Finance
Climate finance remains a critical issue, with delegates expressing frustration over the lack of concrete progress on this front. Brazilian Environment Minister Marina Silva underscored the urgency of securing the necessary resources to meet the 1.5°C goal. Speaking from the floor, Silva called for a strong global agreement between the Global North and South and emphasized the need for urgent action, particularly in the lead-up to the “Cop of Cops”, COP 30 in Brazil next year.

“...necessary to find the resources - finances - to comply with 1.5C. At Cop30, our objective will be to do what is needed to keep 1.5C in reach. At Cop30 in Belem, it will be a big challenge with effort from everyone here...It’s crucial that before we arrive at cop30, we arrive at an agreement between the global north and south. The feeling of urgency is key with this goal...receiving a strong message each day from all of our citizens that we first need to realign with a sense of urgency and responsibility because we are the frontline that will save humanity from much suffering and save life on the planet...May we weave with the weavers of the Amazon and all the traditional peoples of the world…so we can weave and trust so we can have a better world and better planet for all life and human kind.”

Tensions and Uncertainty in the Plenary
The atmosphere in the plenary has been described as surreal, with confusion and frustration among delegates. The usual procedural approval process, which typically follows the conclusion of the main negotiations, has been moved to the forefront of the plenary. Senior Diplomats have been seen whispering to each other, trying to make sense of the complex documents and decisions being processed.

Classic Cop style was on full display during the plenary as numerous small huddles formed around the meeting's edges. Susana Muhamad, the Colombian environment minister, was seen at the heart of one of these gatherings. There have also been concerns about the potential collapse of the talks, with some voices warning that the COP could be heading in the wrong direction, particularly regarding the phase-out of fossil fuels and the lack of progress on climate finance. With the clock ticking the pressure is mounting.

Plenary Session Reconvenes
Updated 20:20 GMT+4 – 23/11/24



The plenary session has finally reconvened. Hopefully, this is the closing plenary but the texts still remain hanging. You can follow the "closing" plenary here!

“This is the final stretch you have all been working very hard and I know that none of us want to leave Baku without a good outcome,...The eyes of the world are focused on us” - COP 29 Presidency

Late-Night Push for a Deal
Updated 19:50 GMT+4 – 23/11/24

After a day filled with intense negotiations, walkouts, and uncertainty, a plenary session is to reconvene in a short while. This late-night session offers a glimmer of hope that a resolution can be reached tonight. However, the challenges remain significant. The UNFCCC rules of procedure dictate that a two-thirds majority of Parties must be present for decisions to be made. With many delegates potentially leaving for home flights, there's a real risk of losing quorum. A similar scenario played out just about three weeks ago at COP 16 in Colombia, where negotiations were derailed due to insufficient attendance.

If the talks in Baku are forced to adjourn due to a lack of quorum, a "COP-bis" may be necessary. This would involve reconvening the conference at a later date, as happened at COP6 in The Hague in 2000. Such a delay would undoubtedly complicate efforts to address the climate crisis and could undermine the momentum gained at this year's COP.

AOSIS Remains Committed After Walkout
Updated 18:30 GMT+4 – 23/11/24

The Alliance of Small Island States (AOSIS) has issued a statement reaffirming its commitment to the UNFCCC process, following a walkout demonstration from the negotiations. The group, which represents some of the most vulnerable nations to climate change, clarified that their departure from the discussions was "temporary" and a strategic move aimed at pushing for a more inclusive process. AOSIS emphasized that it remains dedicated to multilateralism and securing a deal that protects vulnerable nations and the planet from the worst impacts of climate change.

AOSIS stressed that their walkout was due to the stalled progress in the NCQG talks, which they described as not offering a "progressive way forward." The group called for a process that fully includes the voices of vulnerable nations, warning that any deal that fails to do so would make continued participation difficult.

“Let me make it clear that the Alliance of Small Island States remains committed to this process and are here in the spirit of good faith in multilateralism to secure the best deal that will protect not just us, but the world from the worst impacts of climate change...We have presently removed ourselves from the stalled NCQG discussions, which were not offering a progressive way forward. We want nothing more than to continue to engage, but the process must be INCLUSIVE. If this cannot be the case, it becomes very difficult for us to continue our involvement here at COP29.”

AOSIS and LDC Groups "Temporarily" Walks Out From Negotiations
Updated 17:30 GMT+4 – 23/11/24

Representatives from the Alliance of Small Island States (AOSIS) and the Least Developed Countries (LDC) have staged a walkout from the head of delegation consultation/negotiation meeting in protest over the ongoing failure to secure sufficient climate finance for vulnerable nations. The two groups have been demanding a guaranteed 30% of climate finance be allocated to their nations, citing repeated promises that have yet to be honored by developed countries.

Samoa and Sierra Leone, speaking on behalf of their groups after walking out of Meeting Room 3, expressed deep frustration with the slow pace of negotiations. “We have just walked out. We came to this COP for a fair deal. We feel that we haven’t been heard,” said the representative from Samoa. “We are probably the most affected by climate change, yet we are being ignored.”

US climate envoy John Podesta was seen leaving the meeting shortly after the walkout, followed by a group of journalists. Activists outside the meeting room shouted "Shame!" and "You promised to pay your fair share". German Led-Climate Diplomat, Jennifer Morgan also left the meeting, her expression grim and offering no comment when asked by the press. Podesta later told journalist he is "hoping this is the storm before the calm.”

The walkout comes amid ongoing frustrations over the lack of meaningful progress in securing financial commitments from rich nations, with some representatives stressing that the current draft proposals being discussed are insufficient. The AOSIS and LDC groups are particularly upset over the proposed increase in annual climate finance, which has been raised to $300 billion – a figure they argue is far below the trillions needed to adequately address climate change impacts and ensure equitable climate action.

Last-Ditch Efforts to Find Common Ground
Updated 16:50 GMT+4 – 23/11/24

A crucial "meeting and consultation with Ministers and Heads of Delegations" is scheduled to start in a short while. Only two top-level officials per country are permitted to attend, that is the climate/environment minister or heads of delegation, and a single staff member. They are expected to discuss the overwhelmingly rejected draft text, and the path forward. Elsewhere, Nabeel Munir of Pakistan, the Chair of the UNFCCC's Subsidiary Body for Implementation is having a meeting with parties on the New Collective Quantified Goal (NCQG).

Tensions Just Keep Rising
Updated 15:35 GMT+4 – 23/11/24

Tensions are escalating, and the path to a meaningful agreement remains uncertain. Delegates from around the world are locked in intense negotiations, with key issues like climate finance and fossil fuel phase-out still dividing nations.

Panama's Disappointment
Panama's special representative for climate change, Juan Carlos Monterrey Gomez, has expressed frustration over the lack of progress on climate finance. In a press gaggle, he criticized the proposed $250 billion target for 2035 as inadequate, calling it "ridiculous." Gomez emphasized the urgent need for increased funding to help vulnerable nations cope with the impacts of climate change.

“I thought we were getting a deal about 2 hours ago,...Now I don’t even know what’s happening, I don’t think no one knows what’s happening...It’s still $250 which is just ridiculous,” he said “It feels like we just wasted the past two hours... I cannot tell you what we’re going to accept or not,...But if they want to go low then they also need to reduce the timeframe....“It’s their responsibility. They must pay for it. We are the victims of this and it just keeps getting kicked and kicked and kicked.“

EU's Stern Warning
German Foreign Minister Annalena Baerbock issued a scathing rebuke to fossil fuel states, accusing them of using geopolitical tactics to undermine climate action. She warned that the EU would not accept a deal that fails to address the needs of vulnerable countries. Baerbock stressed the importance of climate finance and CO2 reduction.

“We are in the midst of a geopolitical power play by a few fossil fuel states. Their playing board is the backs of the poorest and most vulnerable countries. We as a European Union will not accept a deal that comes at the expense of those who suffer most from the effects of climate crisis...We will not allow the most vulnerable, especially the small island states, to be ripped off by the few rich fossil fuel emitters who have the backing, unfortunately, at this moment of the President...Climate finance and CO2 reduction are closely linked. We, as the EU, therefore increased our financing commitments until 2035. We are continuing to work on building bridges. We are living up to our responsibilities, including as historical CO2 emitters. What we are seeing here is the last end by the old fossil fuel world. What we need now are conditions across continents for climate justice, for viable climate financing and for continuation of the path we took in Dubai, making clear, there’s a vast majority of countries from all around the world believing that climate justice is in the benefit of all and that the strong shoulders carry the heaviest burden.”

Saudi Arabia's Obstructionism

Saudi Arabia is still the key obstacle. The country has consistently blocked efforts for the term "phase out fossil fuels" to be used in texts, and all day today its delegation has continued to reiterate its opposition to any text that targets the fossil fuels sectors

No Food Left at the Venue
Updated 14:45 GMT+4 – 23/11/24



As COP 29 goes deeper into overtime, food supplies at the venue have now run out. Many on social media groups for COP 29 and even the Earth Negotiations Bulletin have been asking those coming back to the stadium to bring their own food from hotels and cafes on the route. The cost of food inside the venue was already high, around double the price in the main city, and with the long sessions, many are finding themselves hungry. Even during protests, some shared what few drinks and snacks they had with others.

Civil Society Demands More
Updated 14:45 GMT+4 – 23/11/24



The energy of civil society remains strong, with ongoing demonstrations pushing for an end to fossil fuel financing and increased financial contributions from developed countries. However, progress inside the negotiation rooms has remained stalled. Talks remain deadlocked as delegates wait for a revised draft text. The previous version was comprehensively rejected due to a vast chasm between the demands of developing nations and the offerings of their developed counterparts.

“What will I tell my children when I get back home? You left us for two weeks, for what? For nothing! Not even peanuts!” - Tetet Nera-Lauron, Advisor for the United Nations Programme - Luxemburg Stiftung/Consultant & Greenpeace International
Some signs at the protest read:
- “Stand up, fight back!”
- “We will not accept a text that fails to grant us our rights!”
- “What are our rights?"
- "END FOSSIL FINANCE!"
- "Pay up for Climate Finance!”

No Deal vs. a Bad Deal
Updated 13:00 GMT+4 – 23/11/24



The Loss and Damage Collaboration (L&DC), a key voice for climate justice, highlights the significant disparity in proposed financial commitments. Developing countries are requesting a staggering $1.3 trillion annually for mitigation, adaptation, and loss and damage under the New Collective Quantified Goal on Climate Finance (NCQG). This stands in stark contrast to the paltry $250 billion offered by developed nations, nations largely responsible for the unfolding climate crisis.

Further compounding the issue is the lack of guarantees regarding "provision" finance, the direct grant-based support crucial for developing countries. The current text, according to the L&DC, provides developed nations an escape route from their obligations under Article 9.1 of the Paris Agreement, potentially leading to another instance of climate injustice.

The L&DC, along with other climate justice organizations, warn that "no deal is better than a bad deal." Accepting a text that falls short of addressing the challenges faced by developing nations would be a betrayal of trust and hinder efforts to tackle the climate crisis effectively.

Waiting, Waiting, Waiting...
Updated 12:15 GMT+4 – 23/11/24



Everyone remains in a holding pattern. We are still waiting for the release of the new and hopefully final version of the texts. As for the closing plenary, there is no news yet. The updates screens and the COP portal remain blank, displaying "no meeting scheduled."

UN Secretary-General Intervenes to Salvage Talks
Updated 11:30 GMT+4 – 23/11/24



UN Secretary-General AntĂłnio Guterres is actively engaged in high-stakes diplomacy to secure a deal. With negotiations stalling over the issue of climate finance, Guterres is reportedly calling world leaders to push for a higher funding target.

While the EU has signaled openness to a $300 billion annual climate finance goal, other key players like Japan, Switzerland, and New Zealand are reportedly resistant to increasing their contributions. This division among major economies threatens to derail the talks and undermine global climate action efforts.

The Money Question
Updated 10:20 GMT+4 – 23/11/24

The key issue is still climate finance: Specifically, how much funding should wealthier nations provide to poorer ones, and in what manner?

Saudi Arabia Throws a Wrench
Updated 08:00 GMT+4 – 23/11/24

The highlights from the overnight consultations and talks is short. The opposition from Saudi Arabia is 'unlike anything' we have ever witnessed at a climate COP.

Overtime and Diplomacy Ramp Up
Updated 05:00 GMT+4 – 23/11/24


It's 5 AM in Baku, and negotiations have extended well into the night. This isn't the first time or will it be the last time that a COP has gone into overtime, unfortunately, it's becoming a trend for UN climate talks. To accelerate the process, the UNFCCC has issued an advisory urging Parties to send their senior climate diplomats to expedite negotiations.

A Tense Day of Negotiations
Updated 03:00 GMT+4 – 23/11/24



Yesterday, was the last official day of COP 29. The day was generally slow as everyone awaited the release of new draft texts on various outstanding issues, which the Presidency had promised for mid-day. When the text was published at 3 PM, everywhere erupted in a flurry of activity as negators and observers alike scrutinized the new drafts. Disappointment was evident, with various groups expressing concerns about several key points, including:
- A reference to a new annual finance goal of USD 250 billion by 2035, sourced from both public and private sectors, with developed countries taking the lead and developing countries encouraged to make additional contributions.
- The absence of minimum allocation floors for Small Island Developing States (SIDS) and Least Developed Countries (LDCs) within the new finance goal.
- The lack of reference to the Global Stocktake (GST) outcomes or energy transition in the draft decision on the mitigation work program.
- "No text" alternatives to several references to progress toward implementing the calls for contributing to global efforts on energy transition, as formulated in the GST decision.
- A "no text" alternative to an encouragement for work programs and constituted bodies to report on their efforts to integrate the GST outcomes.
- Only a soft recognition that whole-of-economy approaches to just transitions include significant socio-economic opportunities associated with transitioning away from fossil fuels in energy systems.
Frustration with the Presidency intensified, with the possibility of entire groups of countries walking out looming large. Key figures, led by UN Secretary-General AntĂłnio Guterres, worked tirelessly to bridge the gap between different groups and find a mutually agreeable outcome. The closing plenary was initially scheduled for 10 PM but was later postponed. By around 9 PM, the Presidency announced that further consultations would be held before issuing "final" texts and that the plenary session will not reconvene before 10:00 AM, today, Saturday, November 23rd.

The Talks Drag On
Updated 20:15 GMT+4 – 22/11/24

COP 29 has officially gone into overtime! The COP 29 Presidency has just announced that the closing plenary will not reconvene before 10:00 AM local time tomorrow. Crucial negotiations are still underway, and negotiators are still working tirelessly to reach a consensus.

Closing Plenary Session Canceled
Updated 20:00 GMT+4 – 22/11/24

Just a moment ago, the closing plenary session scheduled for 10:00 PM local time was removed from the UNFCCC platform and the on-site screens here in Baku. The plenary session is unlikely to begin anytime soon.

Closing Plenary Scheduled For 10 PM Local Time
Updated 19:10 GMT+4 – 22/11/24
While the official online schedule has yet to be updated, on-site screens now indicate a closing plenary session scheduled for 10:00 PM local time. In three hours time.

A "Genuine Attempt" or an "Insult"? The Debate on the New Draft Texts Heats Up
Updated 19:00 GMT+4 – 22/11/24



As the negotiations stretch into the evening, the atmosphere is thick with tension. Earlier today, the presidency released a new set of draft texts on key climate issues, and the reaction from countries, civil society, and experts has been overwhelmingly negative. We are now waiting for the plenary session, where countries will formally voice their responses. Everyone has been pressing COP 29 officials for a sense of timing as discussions drag on, but so far, there's been no word on when we can expect to hear more.

Early Reactions: "Totally Unacceptable" and "Outrageous"
From the moment the new texts landed, the backlash has been swift and fierce. The African Group of Negotiators, represented by Kenya’s Special Envoy, Amb Ali Mohamed, condemned the proposal as “totally unacceptable and inadequate.” The key point of contention is the proposed $250 billion per year by 2035 for climate finance. Amb Mohamed called this target “far too low,” especially when compared with the $400 billion adaptation need outlined in the Adaptation Gap Report. The reduction of responsibility for developed countries, he argued, is a dangerous step backwards that “imperils the future of our world.”

The anger was equally palpable from Panama's lead negotiator, Juan Carlos Monterrey Gómez, who labelled the financial offer as “a spit in the face of vulnerable nations” like his own. "They offer crumbs while we bear the dead," he said, expressing outrage at the perceived disregard for the urgent needs of countries already grappling with the effects of climate change.

Global South Pushes Back: "This Is Not Enough"
Tina Stege, the Climate Envoy for the Marshall Islands, did not mince words either. In a powerful statement, she decried the text as “shameful,” pointing to the glaring lack of adequate climate finance and the absence of meaningful action on fossil fuels. “We cannot accept this,” Stege said, emphasizing the stark contrast between the funding offered by the world’s wealthiest nations and the enormous resources funneled into military expenditures, particularly in the past year. "It is incomprehensible that year after year, we bring our stories of climate impacts to these meetings and receive only sympathy and no real action from wealthy nations," she added.

The criticism isn't just coming from vulnerable countries. Civil society groups, too, have voiced their dismay at the draft texts. Mariana Paoli from Christian Aid was blunt: “This is irresponsible, immoral and risks condemning both people and planet.” Victor Menotti from the Global Campaign to Demand Climate Justice called the $250 billion figure an “insult,” noting that, once inflation is taken into account, it amounts to no more than what was promised by developed nations over a decade ago. "It’s a joke," he said, stressing that the financing gap remains vast and unaddressed.

The View from the Developed World: "A Genuine Attempt"
While the criticisms from the Global South are sharp, there has been some defense of the text from the developed world. Australian climate change minister Chris Bowen described the new draft as a “genuine attempt,” though he acknowledged the difficulty of finding a target that is both ambitious and achievable. Bowen stressed that “any quantum conversation is going to be highly controversial” and highlighted the need for a number that developed countries can credibly deliver.

Bowen’s comments reflect the ongoing tension in the room as countries try to reconcile their climate goals with financial realities. For his part, Bowen noted some positive shifts in the draft, particularly around the acknowledgment of the 2023 global stocktake and the progress made in Dubai towards tripling renewable energy by 2030. However, he was quick to point out the continued absence of an explicit commitment to transitioning away from fossil fuels.

Op-ed: The Urgent Need for Indigenous and Women’s Empowerment in Ocean Marine Biodiversity and Sustainability
Updated 18:40 GMT+4 – 22/11/24



As we face the crisis of marine biodiversity loss, the solutions we need are right in front of us—but are being ignored. Indigenous communities and women, who have long been the stewards of the environment. They are essential to protecting our oceans and reversing the damage done. Yet, their leadership are sidelined in critical discussions at global climate conferences like COP 29, where the focus remains on abstract financial policies rather than tangible, community-driven solutions through multi-stakeholders’ consultations with civil society at the highest strategic implementation funders level! This exclusion is not only a climate injustice; it is a failure to address the environmental crises threatening our oceans and all lives in the Anthropocene!

The Overlooked Role of Indigenous Peoples
Indigenous Peoples, particularly those in coastal regions, have been managing marine ecosystems sustainably for millennium. Their deep knowledge of marine biodiversity and traditional conservation methods—such as rotational fishing and establishing marine protected areas—have kept these ecosystems thriving long before modern conservation strategies were even conceived. But despite their proven expertise, Indigenous communities remain largely excluded from international climate and biodiversity negotiations at the TOP Roundtables! The empowerment of Indigenous communities is crucial to meeting the goals outlined in the United Nations Sustainable Development Goals (SDGs), especially SDG 14, Life Below Water, and SDG 13, Climate Action. SDG 14 specifically emphasizes the need to conserve and sustainably use the oceans, seas, and marine resources for sustainable development!

Women’s Essential Role in Ocean Sustainability
Women, especially those who are transmitters of Intangible Cultural Heritage related to the oceans, are responsible for ensuring food security, and safeguarding biodiversity. Historically women are systematically excluded from leadership positions in environmental policy and decision-making processes. This lack of representation in climate negotiations hinders the effectiveness of ocean conservation efforts. Empowering women in coastal communities is essential to achieving SDG 5, Gender Equality, and SDG 14. Gender equality in environmental leadership strengthens both community resilience and biodiversity conservation, creating a more sustainable future for all.

The Financial Barrier and the Need for Action
The continued financial exclusion of Indigenous communities and women in ocean sustainability is another critical barrier to effective action. At COP 29, climate finance discussions stalled over the lack of clear commitments, leaving vulnerable communities without the necessary resources to adapt to climate change and protect their marine environments. This is a clear failure to meet the promises of SDG 17, Partnerships for the Goals, which calls for increased financing and partnerships to achieve all SDGs, including those related to ocean conservation. Production of Financial “products” is not the same as providing Sustainable Economic development and genuine green funding and micro-credits to vital Stakeholders! The lack of field experience of those creating financial solutions is a crime! By being too theoretically rigid, without direct multi-stakeholder’s reflexive feedbacks, the improper financial support offered are ineffectual for transition to sustainable, climate-resilient best-practices! Global decision-makers must prioritize equitable financial mechanisms that empower local communities, Indigenous Peoples and women, who are already leading efforts to protect our oceans and biodiversity!

A Call to Empowerment and Action
The inclusion and empowerment of Indigenous communities and women is not a mere ethical imperative but a strategic necessity for ocean sustainability and climate action. We must act now to empower those who have always been at the forefront of conservation, aligning our efforts with the goals set out in the SDGs for a sustainable, resilient future. Less BANKERS and their theoreticians and MORE Climate Justice grassroots consultations! LISTEN, without ethnocentric stereotypes and prejudice!
CAN Slams COP 29 Climate Finance Draft
Updated 16:45 GMT+4 – 22/11/24
The Climate Action Network (CAN) is the latest to criticize the new draft text for the New Collective Quantified Goal on Climate Finance (NCQG). They argue that the proposed amount is insufficient and fails to address the needs of developing countries on the frontlines of climate change.

"This latest draft text is not just a joke – it's an insult to people in the Global South..." - Tasneem Essop, Executive Director, CAN International

Here are the key points of CAN's criticism:
- Inadequate Funding: The proposed $250 billion per year in public finance is considered "peanuts" and falls far short of the $1.3 trillion minimum demanded by developing countries.
“We cannot believe it: the new NCQG text fails us all. The $1.3 trillion target by 2035 puts all actors into the same box, when developed countries – those we, civil society, urge to pay are only called to mobilise $250 billion annually. Still nowhere near addressing the urgent needs of the Global South. Moreover, where is the funding for loss and damage? Where is any consideration of human rights, workers, gender and youth? This text is injustice in slow motion. Keep negotiating. We demand and deserve better!” - Pegah Moulana, Secretary General, Youth and Environment Europe
- Shifting Burden: The text promotes a mix of loans and private sector investment, shifting the responsibility from developed countries to developing countries and private banks.
“We have to achieve the 1.5 degrees of Paris to save human lives, therefore this multilateral process is crucial. The EU has trillions dollar climate debt to pay. The current texts and the NCQG are unacceptable and far from what we need to save the planet and human lives. From a youth perspective, it is unacceptable to have a bad deal for a decade that leaves the most vulnerable on a burning planet.” - Fidelis Stehle, President FIMCAP Europe, FIMCAP (Youth)
- Lack of Detail: Important aspects like loss and damage, human rights, workers' rights, gender equality, and the needs of women are not adequately addressed.
"...a bad deal that sets the bar too low." - Marlene Achoki, Global Climate Policy Lead, CARE International
- Broken Promises: The text is seen as a betrayal of the Paris Agreement and fails to reflect the urgency of the climate crisis.
"...the proposed $250 billion is not just inadequate—it's unacceptable." - Dr. Wafa Misrar, Campaigns and Policy Lead, CAN Africa
- Alternatives Rejected: Suggestions to end fossil fuel subsidies and make polluters pay were reportedly not included.
Groups Decry Draft Text as Inadequate
Updated 16:40 GMT+4 – 22/11/24

Climate justice groups have continued to harshly criticize the latest draft text for the New Collective Quantified Goal (NCQG). They argue that the proposed $250 billion annual climate finance target from developed countries is insufficient and lacks clarity on the sources of funding.

"The text says developed countries only have to take the lead to deliver US $250 billion per year by 2035 for developing countries and there is no Climate Finance for Loss And Damage. This is no where near what developing countries need for Climate Action!" - Loss and Damage Collaboration (L&DC)
The groups express disappointment that the draft text does not include dedicated funding for loss and damage, a critical issue for vulnerable nations facing climate-induced disasters. They assert that this falls short of the needs of developing countries to address climate change impacts.

Critics have taken to social media to express their frustration, with some calling the proposal a "joke" and questioning its adequacy.

"250 billion? Thats even less than Elon Musk’s networth. Is this a joke?" - Eric Njuguna, Kenyan Climate Justice Organizer & Campaigner
A Climate Finance Deal or a False Promise?
Updated 16:20 GMT+4 – 22/11/24

Civil society groups have continued to express strong disapproval of the latest draft agreement on climate finance. They criticize the proposed $1.3 trillion annual investment target as vague and unreliable, while faulting the $250 billion goal from developed nations for including debt-based financing.

"This text is an absolute embarrassment. It’s the equivalent of governments handing the keys to the firetruck to the arsonists. The vague $1.3 trillion investment target is not to be relied on and the $250 billion goal is not debt-free. Previous suggestions to end fossil fuel handouts and make polluters pay have all been axed. This amounts to a cop-out for polluters and allows rich countries to dodge their responsibilities by relying on the private sector and even developing countries to cover the bill, creating a debt-trap for countries most vulnerable to the climate crisis." - Laurie van der Burg, Oil Change International

Advocates argue that wealthy countries should be doing more by ending fossil fuel subsidies, taxing the wealthy, and reforming financial rules. They call for a "fair fossil fuel phaseout" and a significant increase in public funds without creating debt burdens for vulnerable nations.
"he Global North must stop playing poker with people’s lives and pay their overdue debt. We need real leadership—from wealthy nations and the Presidency—to land this deal. If they can’t deliver, they must step aside, because we will not accept a bad deal that fails to meet the moment...As the world watches what should be the final day of this year’s climate talks, the agreement we came here for remains elusive. ." - Namrata Chowdhary, 350 org

The COP29 Presidency, however, maintains that the draft text is the result of extensive consultations and reflects the needs of developing countries. They emphasize the balanced nature of the proposal and urge all parties to reach a consensus on the remaining issues.

"Throughout the year, the Presidency has been pushing for a fair and ambitious new climate finance goal, taking into account the needs and priorities of developing country Parties. We conducted an extensive and inclusive consultation process that extended into the early hours of the morning. Taking into account the views expressed during the consultations, and what we heard from Parties at yesterday’s Qurultay, we have now published updated texts. These texts form a balanced and streamlined package...As a first reflection of Parties indications the New Collective Quantified Goal decision contains a call on all Parties to work together to scale up financing to developing countries for climate action from all public and private sources to at least USD 1.3 trillion per year by 2035. Further, reflecting the submission of developed country parties, it includes a decision to set a goal in extension of the goal of jointly mobilizing USD 100 billion per year, with developed country Parties taking the lead, to USD 250 billion by 2035 for developing country Parties for climate action..."

New Draft Text Released
Updated 15:30 GMT+4 – 22/11/24


Climate Finance Commitments:
- The draft "calls for" a target of $1.3 trillion by 2035 to support climate action in developing countries, which aligns with the initial demands made by these nations.
- It "decides" on a more immediate goal of $250 billion by 2035 in climate finance for developing countries, covering both public and private funding sources. This figure falls within the range of frequently discussed targets, although some had pushed for up to $300 billion.
- The text also "invites" developing country Parties to make additional contributions, which may be a contentious issue, particularly for nations like China and Saudi Arabia, who argue that they should not be compelled to contribute given their status as developing countries.
Despite this progress, there are concerns about the level of clarity and the role of private finance in meeting these targets. The draft includes private finance as part of the "core" funding, which has raised questions. Typically, private finance is considered an "outer layer" of climate finance, mobilized on top of public funding. Critics warn that the inclusion of private finance in the core could be seen as a loophole, potentially diluting the responsibility of developed nations to provide public funds. This is a point that may require further clarification.

Fossil Fuel Transition:
A key issue at COP29 is the transition away from fossil fuels, a topic that has sparked significant debate. The draft text now "underscores" the importance of "just transitions"—but the language is considered by some to be weak and vague. The text emphasizes a "whole-of-economy" approach, involving private sector engagement and the creation of green jobs. However, the term "transition away from fossil fuels" appears in a convoluted form, and some countries—particularly oil-rich nations like Saudi Arabia—have worked to downplay or sideline this commitment.

Reactions from Civil Society:
As negotiators and everyone continue to review the new text, the coming hours will likely see further debates and adjustments, especially regarding the finance targets and the fossil fuel transition language. The outcome of these discussions will be crucial in shaping the global response to climate change in the years ahead.

Tensions Rise as Saudi Arabia Continues to Blocks Climate Progress
Updated 14:00 GMT+4 – 22/11/24

Negotiations have been marked by increasing tensions, with Saudi Arabia emerging as a significant obstacle to climate action. The country has actively sought to undermine the "UAE Consensus," a landmark agreement reached at COP 28 that called for a transition away from fossil fuels.

Despite international pressure, Saudi Arabia has continued to block efforts to reaffirm this commitment. This stance has drawn criticism from various nations and climate activists, who view it as a setback for global climate goals.

In response, the UAE has stepped forward to defend its hard-won achievement. However, it remains uncertain whether this intervention will be sufficient to overcome Saudi Arabia's resistance.

Talks Drag on as Delegates Await New Draft
Updated 13:00 GMT+4 – 22/11/24

COP 29 is set to extend well into the night as delegates from nearly 200 nations eagerly await a new draft, which was due by noon local time.

Negotiations have been intense, with countries grappling with critical issues like climate finance and emission reduction targets. Developing nations are pressing for significant financial support, particularly from wealthier nations, to address the impacts of climate change. However, developed countries are hesitant to commit to the substantial funding demanded.

The new draft, expected to be released later today, is anticipated to provide more clarity on the specific figures for climate finance. This comes after a previous draft on Thursday left the amount open-ended, simply stating that developing countries need at least "USD [X] trillion" per year.

Awaiting the Next Move
Updated 12:00 GMT+4 – 22/11/24



News is very sparse today. Delegates are eagerly awaiting the release of new negotiation texts from the COP 29 Presidency. These texts are expected to address crucial issues such as the new finance goal, mitigation work programme, global goal on adaptation, and just transition.

Rich Nations Balk at Climate Finance Demands
Updated 11:20 GMT+4 – 22/11/24
Mary Robinson, former president of Ireland and a two-time UN climate envoy, suggested that poorer nations may need to temper their expectations on financial support, as rich countries face increasingly strained budgets due to global inflation, the lingering effects of the COVID-19 pandemic, and ongoing conflicts, including Russia’s war in Ukraine.

In an interview on Thursday night, Robinson acknowledged the importance of financial support from the developed world, stressing that climate finance is a "responsibility" of wealthier nations. However, she warned that "you can't squeeze what isn't squeezable," suggesting that even as the need for funds remains urgent, the financial capacity of wealthier countries is limited.

As of this morning, there is no formal finance offer had been made by rich countries, despite two weeks of negotiations drawing to a close. The primary goal of securing $1 trillion annually for developing countries to transition to low-carbon economies and adapt to climate impacts remains unmet.

Diplomatic sources indicate that wealthy nations are likely to offer around $300 billion annually in public finance—far below the $1 trillion figure many developing nations have been advocating for. The developed world is expected to argue that the remaining funds can be sourced from private investments, carbon trading, and new financial mechanisms such as fossil fuel taxes, though this remains a point of contention in the talks.

Quick Recap of Yesterday
Updated 11:00 GMT+4 – 22/11/24



With less than 14 hours remaining at COP 29, negotiators are facing significant hurdles in reaching agreement on key issues. Yesterday morning, the Presidency released a series of new draft texts on critical topics, including the finance goal, the just transition work programme, mitigation efforts, the Global Goal on Adaptation, the Global Stocktake (GST), market-based approaches (Article 6), response measures, and gender. However, these drafts were met with broad dissatisfaction, with many parties expressing concerns over their content and direction.

In the afternoon, the COP 29 President convened an open-ended "Qurultay" session, providing a platform for countries to voice their positions on the draft texts. While some delegates expressed general frustration with the progress so far, others focused on specific provisions, offering detailed suggestions for language changes or deletions. Following this exchange, the Presidency announced that bilateral consultations would be held with key groups, and ministerial pairs would be tasked with addressing specific contentious issues. Revised draft texts are expected to be released late Friday.

Meanwhile, in other parts of the venue, finance negotiations were marked by slow progress. Talks on the Green Climate Fund, the Global Environment Facility, and the USD 100 billion climate finance goal continued in a painstaking back-and-forth, with no clear breakthrough in sight. In the GST discussions, parties agreed on a procedural note for the June 2025 session, but the group could not agree on how to proceed with a "compilation of views" related to the GST's role in informing Nationally Determined Contributions (NDCs). Similarly, negotiations on response measures ended in deadlock, with no consensus on whether to defer the issue until next year or to seek political guidance from ministers.

As the clock ticks down, all eyes are on the Presidency's upcoming revisions and the continued efforts to bridge the gaps on these critical issues. Everyone remains hopeful that breakthroughs may still be possible, but time is running out.

Good Morning!
Updated 10:20 GMT+4 – 22/11/24



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Bangladesh 🇧🇩🇧🇩🇧🇩
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Well detailed blog, it's a long read but very informative in many aspects. Thanks for all updates.
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A truly amazing job everyone has done during this COP29 blog! Big thanks
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I hope that this time we will witness results of the talks and discussion that went on at the COP 29... We need actual actions not fake empty promises
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Thank you @wedonthavetime for the coverage and the interesting discussion you held on the platform they were enlightening
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A big thank you to We Don't Have Time for their coverage.
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Thank you all contributing to "We don´t have time" for an excellent coverage of COP 29 as well as all important infromation on the Climate Crisis and whatt we have do to - now.
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Excellent updates today November 23!
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This is the best source of information from COP. Thanks for a great job!
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I am hopeful the talk will yield positive solutions
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I do believe that with the cop29... solutions of dealing with climate change were discussed and that change will be realized sooner.
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Time is running out for meaningful progress
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All the dialogue are successful for better world.
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The Global South parties raising their voice even louder is both uplifting and heartwrenching. I really hope these outcries get heard.